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20130201
20130228
Search Results 0 to 3 of about 4 (some duplicates have been removed)
eternal. the president can sit down with harry reid tonight and work with senate democrats who have the majority in the senate to move a bill. it's time for them to act. i've made this clear for months now. and yet we've seen nothing. >> now, he wants them, senator, to move legislation that passed in the last congress. the last congress is irrelevant right now. you need new legislation in order to pass a bill. >> wolf, what's not irrelevant is last congress we had the tax increase. so now it's spending cut time. the president doesn't want to to the spending cut. we had the tax increase -- >> right now, to avert this fiscal crisis we have right now, these forced spending cuts, you need a new bill. you can't use a bill from the old congress. >> the president -- you know what, and i think scott walker, the wisconsin governor, said it, let the president come out and say, here's where we're going to cut $85 billion in spending. the bottom line is the president doesn't want to cut spending. it's $16 trillion in debt. he doesn't want to cut spending. >> he does want to cut spending but he
york times." he begins with these words. on july 26, 2011, jack lew went to harry read's budget for a session. according to bob woodward's book, they came up with a trigger idea to force a budget deal. what's the idea, reid asked? sequestration, lew said. reid folded himself over with his head between his knees as if he was going to throw up. here's the question. if this is such a horrible idea, sequestration or these forced budget cuts, why did the white house come up with this idea to begin with? >> well, as you remember, wolf, in the summer of 2011, we were facing a situation where the nation was about to default for the first time in its history because republicans were refusing to agree to a balanced approach to a deficit reduction. both sides were looking for a way to craft a deal that would avoid default and a trigger mechanism. sequestration, which is a word that most americans have never heard before, is simply a way of crafting policy that was so onerous that would cause cuts that nobody liked, republicans or democrats, and because of that they would compel the prospec
Search Results 0 to 3 of about 4 (some duplicates have been removed)